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RIMS opposes proposed tax deduction for reinsurance premiums

Source: Asia Insurance Review | Jun 2013

RIMS has delivered an official letter to the US government's House Ways and Means Committee's International Tax Reform Working Group to voice the Society's disagreement with the Administration's Proposed 2014 Budget that includes an effort to eliminate the tax deduction for reinsurance premiums ceded by domestic insurers to their foreign affiliates.

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